Victory Capital Management Inc. Acquires 60,854 Shares of PulteGroup, Inc. (NYSE:PHM)

Victory Capital Management Inc. raised its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,025,276 shares of the construction company's stock after acquiring an additional 60,854 shares during the quarter. Victory Capital Management Inc. owned about 0.50% of PulteGroup worth $147,158,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. WR Wealth Planners LLC grew its position in shares of PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock valued at $26,000 after purchasing an additional 82 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after buying an additional 99 shares during the period. LRI Investments LLC acquired a new stake in shares of PulteGroup during the first quarter worth $28,000. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup during the third quarter worth $29,000. Finally, Rothschild Investment LLC bought a new stake in PulteGroup in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 89.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on PulteGroup from $131.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of PulteGroup from $141.00 to $152.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Wolfe Research downgraded shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 14th. BTIG Research boosted their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price objective on PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, PulteGroup currently has an average rating of "Moderate Buy" and an average target price of $145.00.

PulteGroup Stock Performance

PulteGroup stock traded down $1.42 during mid-day trading on Wednesday, hitting $127.46. 1,861,628 shares of the company's stock traded hands, compared to its average volume of 1,843,195. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $137.31 and a two-hundred day simple moving average of $125.12. PulteGroup, Inc. has a fifty-two week low of $85.31 and a fifty-two week high of $149.47. The stock has a market cap of $26.14 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 0.52 and a beta of 1.63.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. PulteGroup's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.90 EPS. On average, research analysts expect that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.63%. PulteGroup's dividend payout ratio (DPR) is currently 5.90%.

Insider Buying and Selling

In related news, Director Thomas J. Folliard sold 19,000 shares of the company's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the transaction, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Thomas J. Folliard sold 19,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the sale, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total value of $9,573,873.81. Following the transaction, the chief financial officer now owns 89,323 shares in the company, valued at approximately $12,043,420.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.